Hungarian Coin Seller Fined HUF 140 Million for False Advertising

[Bimat]

Hungarian coin seller receives HUF 140 mln fine

Monday, October 10, 2016, 14:13

Magyar Éremkibocsátó Kft., a Hungarian issuer of collectable coins, has been fined HUF 140 million on charges of unfair advertising by the Hungarian Competition Authority (GVH), news agency MTI reported today.

According to the Hungarian authority, the firm suggested in its advertisements that it is connected to the Hungarian state, which it is not. GVH also said the company falsely claimed that it provides memorial coins issued for the 60th anniversary of the 1956 Hungarian Uprising free of charge to Hungarian residents.

GVH added that the firm did not inform customers that it charges postage and packaging costs for products separately in the case of orders for several products, MTI reported.

The company was fined HUF 100 million for misleading advertising in April 2014.

Source: Budapest Business Journal

[Figleaf]

What's a lie or two when you can overcharge suckers? Ask any politician.

We need more of those Hungarian regulators who naively believe lying is bad.

Peter

[Bimat]

What's surprising that the same company was fined HUF 100 million in 2014. They still did it again...

Aditya

[augsburger]

Consistency is a virtue, just remember that